Healthcare Financial Analyst

Job Description

Job Description

Description:

Job Summary:

The Healthcare Financial Analyst is responsible for collecting, analyzing, and reporting financial data related to healthcare operations, revenue cycle, payer performance, and patient services. This role provides actionable insights and supports decision-making for leadership through accurate financial forecasting, cost analysis, and performance benchmarking.

Key Responsibilities:

• Analyze financial data including revenue, expenses, AR aging, compensation and margin reports to support strategic initiatives
• Monitor and report on key performance indicators (KPIs), such as Days in AR, Denial Rates, Collections, and Cost per Encounter
• Develop and maintain financial models to forecast revenue, costs, and profitability for service lines or departments
• Provide monthly and quarterly financial reports and variance analysis against budget and prior periods
• Partner with clinical, operational, and revenue cycle teams to evaluate financial impacts of process changes or strategic initiatives
• Interpret payer contracts and reimbursement trends to support contract negotiations and revenue optimization
• Support budgeting and forecasting processes, including gathering data, validating assumptions, and identifying risks or opportunities
• Assist with audits, regulatory reporting, and compliance with internal controls
• Use tools like Excel, Tableau, Power BI, or EHR/ERP systems (e.g., Athena, Epic, Cerner, Meditech, Oracle, or Workday) for reporting and analysis

Education:

• Bachelor’s degree in finance, Accounting, Healthcare Administration, Economics, or related field (required)
• Master’s degree or CPA/CHFP/CMA designation (preferred)

Experience:

• 2–5 years of experience in financial analysis, preferably in a healthcare setting (hospital, clinic, or health system)
• 2-5 years of experience with forecasting, budgeting and compensation models
• Experience with healthcare revenue cycle operations and payer reimbursement models is a plus
• Advanced Excel skills with pivot tables, V-Lookup experience
• Athena and QuickBooks Online experience is a plus

Skills:

• Strong analytical, problem-solving, and communication skills
• Proficient in Excel, financial modeling, and data visualization
• Familiarity with healthcare analytics, costing, benchmarking, and industry metrics
• Familiarity with accounting and financial reporting systems
• Ability to manage multiple projects and deadlines in a fast-paced environment

Preferred Knowledge Areas:

• Revenue Cycle KPIs (e.g., DNFB, A/R Aging, Collections)
• Healthcare cost accounting and compensation analytics
• Medicare/Medicaid and commercial payer reimbursement methodologies
• Value-based care models and healthcare finance trends